PCCW LTD ADR/10 HD-25 (TH3C) - Net Assets
Based on the latest financial reports, PCCW LTD ADR/10 HD-25 (TH3C) has net assets worth €6.81 Billion EUR (≈ $7.96 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€105.41 Billion ≈ $123.23 Billion USD) and total liabilities (€98.60 Billion ≈ $115.28 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See PCCW LTD ADR/10 HD-25 balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €6.81 Billion |
| % of Total Assets | 6.46% |
| Annual Growth Rate | -18.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.73 |
PCCW LTD ADR/10 HD-25 - Net Assets Trend (2021–2025)
This chart illustrates how PCCW LTD ADR/10 HD-25's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TH3C market cap.
Annual Net Assets for PCCW LTD ADR/10 HD-25 (2021–2025)
The table below shows the annual net assets of PCCW LTD ADR/10 HD-25 from 2021 to 2025. Also explore how fast is PCCW LTD ADR/10 HD-25 growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €6.81 Billion ≈ $7.96 Billion |
-40.89% |
| 2024-12-31 | €11.51 Billion ≈ $13.46 Billion |
+18.69% |
| 2023-12-31 | €9.70 Billion ≈ $11.34 Billion |
-24.00% |
| 2022-12-31 | €12.77 Billion ≈ $14.92 Billion |
-17.55% |
| 2021-12-31 | €15.48 Billion ≈ $18.10 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to PCCW LTD ADR/10 HD-25's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 962400000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €17.72 Billion | 488.91% |
| Total Equity | €3.62 Billion | 100.00% |
PCCW LTD ADR/10 HD-25 Competitors by Market Cap
The table below lists competitors of PCCW LTD ADR/10 HD-25 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Definium Therapeutics, Inc.
NASDAQ:DFTX
|
$5.06 Billion |
|
Suzhou Novosense Microelectronics Co. Ltd.
SHG:688052
|
$5.06 Billion |
|
RTL Group SA
F:RRTL
|
$5.06 Billion |
|
Sinomine Resource Exploration Co Ltd
SHE:002738
|
$5.06 Billion |
|
Middleby Corp
NASDAQ:MIDD
|
$5.05 Billion |
|
TAL Education Group
NYSE:TAL
|
$5.05 Billion |
|
Porsche Automobil Holding SE
F:PAHA
|
$5.05 Billion |
|
Construction Partners Inc
NASDAQ:ROAD
|
$5.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PCCW LTD ADR/10 HD-25's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,488,000,000 to 3,624,000,000, a change of -3,864,000,000 (-51.6%).
- Net loss of 27,000,000 reduced equity.
- Dividend payments of 3,191,000,000 reduced retained earnings.
- Other factors decreased equity by 646,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-27.00 Million | -0.75% |
| Dividends Paid | €3.19 Billion | -88.05% |
| Other Changes | €-646.00 Million | -17.83% |
| Total Change | €- | -51.60% |
Book Value vs Market Value Analysis
This analysis compares PCCW LTD ADR/10 HD-25's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.26x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.34x to 13.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €1.86 | €6.20 | x |
| 2022-12-31 | €1.48 | €6.20 | x |
| 2023-12-31 | €1.08 | €6.20 | x |
| 2024-12-31 | €0.97 | €6.20 | x |
| 2025-12-31 | €0.47 | €6.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PCCW LTD ADR/10 HD-25 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.07%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 29.09x
- Recent ROE (-0.75%) is below the historical average (1.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 8.81% | 3.57% | 0.38x | 6.56x | €-171.30 Million |
| 2022 | 3.44% | 1.09% | 0.38x | 8.31x | €-751.00 Million |
| 2023 | -2.82% | -0.65% | 0.38x | 11.30x | €-1.07 Billion |
| 2024 | -0.88% | -0.18% | 0.38x | 13.19x | €-814.80 Million |
| 2025 | -0.75% | -0.07% | 0.38x | 29.09x | €-389.40 Million |
Industry Comparison
This section compares PCCW LTD ADR/10 HD-25's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $353,972,406,856
- Average return on equity (ROE) among peers: 2.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PCCW LTD ADR/10 HD-25 (TH3C) | €6.81 Billion | 8.81% | 14.49x | $5.05 Billion |
| PLANETEL SPA (0A7) | $22.72 Million | 4.93% | 1.64x | $24.48 Million |
| LIBERTY LAT.AMER.A DL-01 (1LL) | $2.90 Billion | -15.21% | 4.30x | $308.45 Million |
| LIBERTY LAT.AMER.C DL-01 (1LLC) | $2.56 Billion | -6.68% | 4.31x | $1.36 Billion |
| 1&1 AG (1U1) | $112.34 Million | 0.00% | 1.23x | $4.35 Billion |
| CHINA TOWER UNSP.ADR/100 (2Y10) | $199.98 Billion | 5.37% | 0.66x | $5.02 Billion |
| SOFTBANK CORP. ADR (3AG0) | $3.21 Trillion | 16.09% | 3.08x | $52.06 Billion |
| TELSTRA GROUP LTD SP.ADR (5KB) | $17.35 Billion | 9.35% | 1.63x | $37.53 Billion |
| VODACOM GROUP LTD. SP.ADR (5VD0) | $103.83 Billion | 15.69% | 1.32x | $15.26 Billion |
| EuroTeleSites AG (7YF) | $234.07 Million | 0.00% | 7.39x | $762.51 Million |
| Swissnet AG (81D) | $10.84 Million | -7.27% | 1.29x | $12.40 Million |
About PCCW LTD ADR/10 HD-25
PCCW Limited, together with its subsidiaries, provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. It operates through HKT Limited (HKT), Media Business, and Other Businesses of the Group (Other Businesses) segments. The company offers local telephony, local data and broadband, mobile, enterprise solutions, international… Read more